“The way to get really rich in US stocks in 2005 was to spot the next fad. Those who foresaw the incredible popularity of the iPod might have invested in Apple Computer, which gained 128.5 per cent. On its own Apple accounted for a rise of 3.7 points in the S&P 500 index – more than any other stock,” John Authers reports for The Financial Times. “Google, the dominant internet search engine, gained 120 per cent.”

“Energy was by far the best performing sector within the S&P, gaining 29.6 percent,” Authers reports. “Valero Energy equalled Apple’s rise of 128.5 per cent to share honours as the S&P’s strongest stock, accounting for 1.61 points of the index’s improvement, while Exxon Mobil, the largest company by market capitalisation, on its own accounted for 3.4 points of the S&P’s rise, second only to Apple.”

Full article here.

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